LiveOne’s QQ2 2026 results reflect a company emerging from a significant revenue disruption caused by the Tesla relationship, with meaningful progress on cost structure and a deliberate pivot to B2B partnerships and AI-enabled monetization. Reported quarterly revenue of $18.8 million, with Audio contributing $18.2 million and adjusted EBITDA of $0.7 million, but GAAP consolidated EBITDA remained negative at approximately $1.0 million and net income was a substantial loss. Management underscores a transformational shift: aggressive cost reduction through AI, a broader B2B sales engine, and a robust content and live-event pipeline. The company highlighted strong ARPU growth (60% increase to above $5) and a substantial expansion in partner revenue, notably Amazon (> $20 million in a 3-year deal) and a Fortune 250 partner (~$26 million annualized run rate). Management projects a step-change in profitability and revenue growth driven by an expanding B2B pipeline (72 additional partnerships anticipated before year-end) and a target to scale to tens of millions of monthly paying subscribers, with an eye toward long‑term milestones such as >$100 million in revenue in the next few years and potential scale toward $1 billion in revenue over the longer term. The near-term concerns include negative stockholders’ equity, continued negative net income, and negative free cash flow; however, the balance sheet shows net cash on hand and limited debt, positioning the company to fund this growth trajectory if its B2B engine delivers as advertised.